Skyscape — Rental Market Data

Skyscape's average realized lease rent of $2,581 per month sits $47 above the four-comp benchmark of $2,534, driven primarily by its premium positioning against the two Centro towers while trading marginally below Altitude and Forest Vista. Altitude at 88 Grangeway Ave (0.05 km, 10 closed leases) averaged $2,605 per month at $2.96 per square foot across 895 square feet, meaning Skyscape's rent runs $24 lower despite a higher per-square-foot rate. Forest Vista at 61 Town Centre Crt (0.26 km, 5 closed leases) averaged $2,600 per month at $3.06 per square foot over 864 square feet, placing Skyscape $19 below that figure. Centro – South Tower at 190 Borough Dr (0.37 km, 25 closed leases) averaged $2,403 per month at $3.28 per square foot across 767 square feet, so Skyscape commands $178 more per month. Centro – North Tower at 25 Town Centre Crt (0.40 km, 29 closed leases) averaged $2,526 per month at $3.23 per square foot over 813 square feet, with Skyscape's rent $55 higher. All four competitors recorded active lease volume, so no zero-transaction reference buildings dilute this comparison.

Skyscape leases at $3.28 per square foot across a 788-square-foot average suite, commanding a rate premium over three of its four nearby competitors while offering a smaller interior footprint than two of them. Against Altitude (0.05 km), Skyscape trades at a $0.32 per square foot (10.8%) premium yet provides 107 fewer interior square feet; the $24 lower nominal rent is entirely a function of that reduced footprint rather than a weaker rate, so renters gain a tighter, more efficient layout at a higher per-square-foot cost. Forest Vista (0.26 km) shows the same pattern: Skyscape commands a $0.22 per square foot (7.2%) premium while delivering 76 fewer square feet, and the $19 rent gap again reflects the smaller suite rather than a discount in asset value. Centro – South Tower (0.37 km) presents the inverse trade-off—identical $3.28 per square foot parity—but Skyscape provides 21 more interior square feet, which explains the $178 higher monthly rent as a pure space premium at the same rate. Centro – North Tower (0.40 km) carries a slight $0.05 per square foot (1.5%) premium for Skyscape alongside 25 fewer square feet, so the $55 rent increase is rate-driven despite the tighter footprint, signalling that tenants in this pocket accept a modest per-square-foot uplift for Skyscape's amenity package and 2008 building systems over the 2011 Centro product.

Skyscape offers a ten-item lifestyle suite anchored by an indoor pool, sauna and steam room, gym, putting green, garden and courtyard, and a full set of social and remote-work spaces, positioning it as a mid-tier amenity building that trails its nearest peers on rooftop and spa features but leads three of four competitors on outdoor recreation. The putting green is the building's signature differentiator: Forest Vista (0.26 km), Centro – South Tower (0.37 km), and Centro – North Tower (0.40 km) all omit it, while only Altitude (0.05 km) matches the feature with its own putting greens. Conversely, Skyscape lacks the rooftop terrace found at all four competitors, the hot tub and jacuzzi at Altitude and Centro – South Tower, the BBQ areas at both Centro towers, and the spa, clubhouse, and prayer room at Forest Vista. The aquatic and wellness core—indoor pool paired with sauna and steam room—is shared across the entire peer set, so Skyscape's competitive edge rests on the putting green combined with the garden and courtyard for outdoor leisure, a package that best serves active young professionals and small families in Scarborough City Centre who prioritize ground-level recreation, fitness, and social gathering spaces over rooftop luxury or spa-grade wellness facilities.